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Re: IBM $3,000 Heath Care subsidy terminated effective 1/1/2023

 

MA's may be a scam & subsidized but they work in Minnesota at least so far.?
I was able to keep my original IBM pension due to my age in the 1999 mess but got the Future Health Acct/FHA.? I took early retirement 10 years ago and burned through all my FHA funds (not hard to do at $900/mon for IBM premiums just for me, not my spouse) until I hit 65 Medicare. There's a group of health insurance advisors here that recommended a UCare MN based MA plan for us vs Blue Cross Blue Shield supplemental.? The main reason was it included?Mayo clinic as primary care and was good all over the US.? We do 4-6 weeks of snowbird travel so anything down south is an emergency; if we spent 6 months there the BCBS would have made more sense.? UCare has great coverage except a $400 prescription deductible so sometimes we use GoodRx.com for one shot prescriptions?which has some great savings since luckily neither of us has many drugs.? UCare also covers basic dental, eye care, basic health clubs and provides a good allowance for free OTC items like Tylenol, toothpaste, Voltaren etc.? I hope we can keep it up at this reasonable price.

As for the pension provider I had a discussion last week and asked "who is going to have the best financials in 20 years? IBM, Prudential or Metlife?".? MN has a $250k backing on annuities like many states and will pass on any failed accounts to another?annuity provider too.? ?There is plenty to worry about in life so unless I'm missing something this deal is not real high, but a great example of IBM "following the lead" of other?big companies like the 1999 fiasco.? ? ?DCN in Rochester MN

On Tue, Sep 20, 2022 at 9:51 AM Darwin Busa <darbusa@...> wrote:
Give it some time and you will find out that Medicare Advantage is a giant scam. I speak from experience.

On Tue, Sep 20, 2022, 05:41 Joyce Nussbaum via <joyce_nussbaum=[email protected]> wrote:
For what it is worth, I also retired from AT&T and they had a Medicare Advantage plan last year (for the firsts time) that was cheaper and is great - it seems to combine the best of both worlds - you can see the same doctors as Medicare Original as long as they accept medicare,? ?It is combined with a drug plan.? ?have not had to have any referrals. it covers overseas travel as usual, etc.? I would think that whatever AT&T bought into is what IBM is following up with.? It is much better than the standard Medivantage plan, and had several perks that standard medicare did not - I don't recall but food deliveries and transportation for I think 30 days after some surgery I think, and the little stuff like gym memberships,. ., and although AT&T did not tell me, I don't think they thought it up - I think some other large companies had proposed this and they latched on in 2022.

On Monday, September 19, 2022 at 10:07:07 AM EDT, JoeRoth via <jjroth=[email protected]> wrote:


THANKS




On Monday, September 19, 2022 at 09:12:34 AM EDT, BigAl <amboisvert@...> wrote:


As a second choicer I never received the $3000, so am unaffected by this. I would however warn people about the dangers of Medicare Advantage plans and the governments attempt to privatize Medicare.? Advantage plans are heavily subsidized and are pushed by insurance companies as you can see daily on TV ads. It's sad but unsurprising to see IBM has taken the bait dangled by government and insurance companies. Read all about this issue on the NLRN web site and get educated if not already:



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Dave Naatz? ? K?VH?? Rochester, Minnesota? gmail acct
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